Bellavista taps investors for $35m

Bellavista taps investors for $35m

Shares in Bellavista Resources rose early on Wednesday, following news of an upsized capital raise due to demand from investors.

Why are shares in this gold developer heading higher after a capital raise?

Shares in Bellavista Resources Ltd (ASX: BVR) were surging higher on Wednesday after the company announced a significant capital raise at a discount. This is unusual, as a company's share price tends to head south when a decent capital raise is announced, but the explanation might lie in news that came out earlier in the week. Deal flow enticing shareholders Bellavista announced on Monday that it had struck an agreement with fellow gold company …

Bellavista signs agreement to acquire stake in Pickle Crow Project, Canada

Bellavista Resources has signed a binding share sale and purchase agreement to acquire a 70% stake in the Pickle Crow Gold Project from FireFly Metals, along with additional exploration assets in Ontario, Canada.The post Bellavista signs agreement to acquire stake in Pickle Crow Project, Canada appeared first on Mining Technology.